The new penalty and interest regimes for late filing of monthly construction industry (CIS) returns by contractors came into force on 6th October 2011 by virtue of Section 106 and Schedule 55 of the Finance Act 2009 & Section 101 to 103 of the Finance Act 2009.
See HERE for the legislation and HERE for the list of penalty charges
So what does this mean to any RMT members working in the inland inshore sector’s.
Well if you report late payments of wages from diving contractor, in addition to the threat of informing HMRC that PAYE should apply following the latest case law See HERE, HMRC will be informed that CIS payments are equally late and once those beggars at HMRC start delving who knows what else they will find.
I should point out that reputable contractors have nothing to fear, I’m after the rogues of the industry.
